On the flip side, getting Satyam back on track will not be easy, though Tech Mahindra has the backing of the Rs 30,000 crore (Rs 300 billion) Mahindra Group.
For one, the cost of the acquisition (close to Rs 30 billion) will strain its finances in these days of tight liquidity. On this concern, Fitch had downgraded Tech Mahindra's rating in the run up to the Satyam sale.
More important, does Tech Mahindra have the experience to run an operation that's so big and diverse, and completely different from its own?
Image: An employee works on the assembly line for Logan cars in India's Mahindra & Mahindra vehicle production plant in Nashik, 200 km north-east of Mumbai. | Photograph: Punit Paranjpe/Reuters
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